iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Unusually-High Trading Volume – What’s Next?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw unusually-strong trading volume on Monday . Approximately 151,404 shares were traded during mid-day trading, an increase of 312% from the previous session’s volume of 36,738 shares.The stock last traded at $137.19 and had previously closed at $140.15.

iShares Dow Jones U.S. ETF Trading Down 0.7 %

The stock has a market capitalization of $2.21 billion, a PE ratio of 24.96 and a beta of 1.04. The firm has a 50 day moving average of $145.38 and a two-hundred day moving average of $143.08.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

Several hedge funds have recently bought and sold shares of IYY. Nations Financial Group Inc. IA ADV purchased a new position in iShares Dow Jones U.S. ETF in the 3rd quarter valued at approximately $314,000. First Heartland Consultants Inc. increased its position in iShares Dow Jones U.S. ETF by 1.7% during the third quarter. First Heartland Consultants Inc. now owns 23,742 shares of the company’s stock worth $3,314,000 after buying an additional 397 shares in the last quarter. Silver Oak Advisory Group Inc. increased its position in iShares Dow Jones U.S. ETF by 2.9% during the third quarter. Silver Oak Advisory Group Inc. now owns 2,752 shares of the company’s stock worth $384,000 after buying an additional 78 shares in the last quarter. Optivise Advisory Services LLC purchased a new position in iShares Dow Jones U.S. ETF during the third quarter worth $665,000. Finally, FMR LLC increased its position in iShares Dow Jones U.S. ETF by 3.4% during the third quarter. FMR LLC now owns 24,044 shares of the company’s stock worth $3,356,000 after buying an additional 789 shares in the last quarter.

iShares Dow Jones U.S. ETF Company Profile

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index.